Investors await US inflation data, as well as performance announcements from Tencent (00700.HK) and Alibaba (09988.HK) this week, resulting in a narrow trading day for Hong Kong stocks. The Hang Seng Index opened 12 points higher to see 17,002 points, then dropped 87 points to 17,002 points, before rising 72 points to 17,162, with a total daily fluctuation of less than 160 points to end the day up 21 points or 0.1% to 17,111 points. The HSI Tech Index fell 6 points or 0.2% to 3,429 points. The total trading volume of the market fell to HKD 70.334 billion, a half-year low. The net inflow of trading through the Shanghai, Shenzhen-Hong Kong Connect was RMB 3.721 billion and RMB 2.26 billion, respectively.

In terms of technology stocks, Bilibili (09626.HK) declined for the fourth consecutive day, with a full-day decline of 6.9%. Alibaba and Tencent rose 0.8% and 1.4%, respectively. Meituan (03690.HK) fell 2.1%. JD.com (09618.HK), Baidu (09888.HK), and Kuaishou (01024.HK) fell by less than 1%, while NetEase (09999.HK) rose 0.5%. Also, Xindong (02400.HK) fell 10.4%, Tencent Music (01698.HK) and Eastbuy (01797.HK) fell 4.8% and 3.6%, respectively.

Xiaomi's (01810.HK) mobile phone shipment volume entered the top three in the Japanese market, with a 0.4% increase in stock price. Sunny Optical's (02382.HK) mobile phone lens shipments increased by 21% YoY in July, and stock prices increased by 1.3%. Qiu Ti (01478.HK) and AAC Technologies (02018.HK) rose 3.6% and 2.8%, respectively. Personal computer manufacturer Lenovo Group (00992.HK) rose 2.6%.

Consumer stocks fell, with Mengniu (02319.HK), Runpis (00291.HK), Tsingtao Brewery (00168.HK), Bud APAC (01876.HK), and Anta (02020.HK) falling by more than 2%. Jiumaojiu (09922.HK) and China Duty Free (01880.HK) fell more than 4%, while Topsports (06110.HK) fell 5.3%. In terms of electric vehicle stocks, BYD (01211.HK) fell 0.3%, while LINGPAO (09863.HK) and XiaoPeng (09868.HK) fell nearly 4% and 4.2%, respectively.

Banking stocks rose, with HSBC (00005.HK) rising 0.6% and Standard Chartered (02888.HK) rising 1.8%. The four major state-owned banks, Bank of China (00939.HK), Agricultural Bank of China (01288.HK), Industrial and Commercial Bank of China (01398.HK), and China Construction Bank (03988.HK), all rose 1.2% to 2.1%. Chinese Traditional Medicine (00570.HK) and Cansino Biologics Inc. (06185.HK) rose 4.7% and 4.4%, respectively, while Wuxi Bio (02269.HK) rose 3.7%, becoming the blue chip shares with the largest increase. Shi Yao (01093.HK)'s drug for treating lupus erythematosus has been approved for clinical trials by the National Medical Products Administration, leading to a 1% increase in stock price.

Property stocks fell, with Henderland (00012.HK), Sun Hung Kai Properties (00016.HK), and Shanghai New World (00017.HK) falling 1.9% to 2.7%, while Swire Properties (01972.HK) fell back by 3.7%. Mainland real estate stocks, including Vanke (02202.HK), Jinmao (00817.HK), Xuhui (00884.HK), Country Garden (01030.HK), Sunac (01918.HK), and Agile (03383.HK), all fell by more than 3%, while Oceanwide (03377.HK) fell 4.4%.

Macau plans to criminalize money changers in casinos. Gaming stocks such as Galaxy Entertainment (00027.HK) and MGM China (02282.HK) both fell more than 4%, while Sands China (01928.HK), Wynn Macau (01128.HK), and Melco (00880.HK) fell more than 2%.

Other shares include HKEX (00388.HK) rising 1%, AIA (01299.HK) falling 1.3%, and China Unicom (00762.HK) falling 5.8%, becoming the blue chip shares with the largest decline.